cash

The Zcash core development team Zcash Open Development Lab (ZODL) founder Josh Swihart released the latest progress on Zcash, proposing a strategic direction centered on "post-quantum security, scalability, and user experience," and using the Artemis II lunar mission as a metaphor to emphasize achieving seemingly impossible goals through technological breakthroughs. The ZODL team stated that Zcash is entering the "Zcash IV" phase, which will build infrastructure similar to a "lunar base" to support the protocol and application security scaling to billions of users, while promoting the vision of privacy transactions without large-scale financial surveillance.On the product and technology front, ZODL continues to iterate, with its 3.3.x version now launched on iOS and Android, adding hardware wallet connection management, SDK upgrades, and multiple experience optimizations, while advancing key developments such as Keystone wallet functionality and address system upgrades (ZIP 316, UIVK/UFVK). Meanwhile, the Zcash core team has fixed multiple system issues and is advancing the development of the Zallet alpha version, while strengthening unified address standards and wallet interaction experiences, laying the groundwork for future scalability and performance improvements.In addition, ZODL disclosed that its application data continues to grow and participated in a stablecoin privacy summit to strengthen industry collaboration. However, due to upgrades in regulation and network restrictions, ZODL has temporarily removed its app from the Russian app store. The team emphasized that privacy is not an option but a fundamental need in the digital age, and will continue to accelerate delivery pace to promote the popularization of ZEC and ecological development in the future.

According to official news, Gate will launch the 13th Anniversary Invitation Celebration from April 10, 12:00 to April 20, 12:00 (UTC+8). Users can invite friends to register and complete ≥1 USDT transaction to gain a chance to enter a lottery, with a 100% chance of winning GT token rewards. As the cumulative spot and contract trading volume of invited friends increases, the inviter can earn up to 11 lottery chances from a single friend, with no limit on the number of invitations. Additionally, invited friends can also receive tiered GT rewards after meeting trading standards.Furthermore, Gate will hold an Invitation New Speed Competition from April 9, 12:00 to April 19, 12:00 (UTC+8), with a total prize pool of 130,000 USDT. During the event, users will receive a cashback of 20 USDT for each friend invited who completes the specified trading task; after friends meet the advanced trading conditions, both parties can receive additional rewards. Finally, rankings will be based on the number of valid invitations, with the top user enjoying an exclusive cashback reward of 5,000 USDT.

Binance founder Zhao Changpeng (CZ) detailed the Terra/UST/LUNA collapse in his new book "Binance Life." In 2018, Binance's venture capital department invested $3 million in Terra in exchange for LUNA tokens. Starting on May 7, 2022, UST began to de-peg and rapidly collapsed, with approximately $60 billion in value evaporating.At the same time, the team informed that the early investment in LUNA was worth $1.6 billion, and CZ decided not to sell to cash out, reasoning that he did not want to trigger market panic, harm the project, or be seen as running ahead of retail investors. Nevertheless, the LUNA he held plummeted from a market value of $1.6 billion to a few thousand dollars within days, resulting in significant losses for Binance.CZ pointed out in the book that Terra claimed to have billions of dollars in reserves but did not use them to stabilize UST, and founder Do Kwon lacked transparent responses. The design of UST relied on LUNA as a reserve, and after the de-pegging, the system crazily minted LUNA, increasing the total supply by 1,000 times, accelerating the collapse. Terra ultimately used $3 billion in Bitcoin reserves to try to save the situation, but it was too late, and he expressed shock that Do Kwon might have privately kept $200 million for legal fees.

The U.S. Department of Justice (DOJ) has expressed clear opposition to the latest request by Tornado Cash co-founder Roman Storm to dismiss criminal charges, stating that the recent Supreme Court ruling is unrelated to this case and should not serve as a basis for dismissal.Storm's attorney previously informed the court that he intends to cite a new Supreme Court ruling (involving a civil case of copyright infringement) to support the motion to dismiss. However, U.S. prosecutors pointed out in a letter to the federal judge that the ruling addresses a situation and industry completely different from the current criminal charges and therefore should not affect the handling of this case.This legal battle reflects the contradictory stance of the Trump administration towards the cryptocurrency sector: on one hand, the U.S. government has shown a relatively supportive policy inclination towards cryptocurrency, while on the other hand, it still insists on pursuing criminal liability against certain cryptocurrency project developers. Given the current situation, Storm may still face a retrial, and the case is expected to enter the courtroom again.

The People's Court of Qinzhou District, Tianshui City, Gansu Province recently tried a criminal case involving virtual currency, where the defendant, through a "high-paying errand" job, knowingly withdrew a total of over 390,000 yuan within 7 days in areas without surveillance, and converted the funds into virtual currency to transfer to their superior, profiting 21,500 yuan in the process.The court determined that the defendant constituted the crime of concealing and disguising criminal proceeds, sentencing them to two years and four months in prison and imposing a fine of 10,000 yuan, as well as ordering the return of illegal gains. The judge reminded that offline cash withdrawals have become a key link in "laundering" telecom fraud proceeds, and that "errand cash withdrawals" and "high-paying daily settlements" are often part of the fraud chain. The public should be vigilant against behaviors such as cash collection, transfers, and assisting in fund transfers to avoid becoming accomplices in crime.

According to a report by CryptoSlate, the latest report from the Cardano Foundation shows that its asset structure is shifting from a heavy reliance on ADA to a diversified allocation. By the end of 2025, the proportion of ADA is expected to decrease from 76.7% to 51.6%, while the proportion of Bitcoin will significantly increase to 25.5%, and cash and financial assets will rise to 22.9%.It is reported that the total assets of the Cardano Foundation amount to 287.5 million Swiss francs (approximately 361 million USD), a decrease of about 45% compared to 659 million USD at the end of 2024. Notably, the increase in the proportion of Bitcoin held by the Cardano Foundation is not due to additional purchases; its BTC holdings have decreased from 1,054 to 656 (a decline of 37%). The increase in proportion is mainly attributed to Bitcoin's relative resilience and an overall adjustment of the reserve structure. Currently, its reserve system is transitioning from being driven by a single token to a more diversified and actively managed allocation model.

According to BBX data, as the second quarter kicks off, global enterprises are taking frequent actions in asset listing and rating infrastructure. The core data is as follows:2,000 spot purchases: Bitfarms (NASDAQ: $BITF) announced yesterday the completion of a $50 million structured debt financing provided by top private equity, which has been fully utilized before yesterday's market close to purchase approximately 2,000 BTC in the open market, further defending its ranking among North American mining companies.$15 million regular investment initiated: MicroAlgo (NASDAQ: $MLGO) announced before the market opened yesterday that the board has approved the establishment of a $15 million special fund for digital assets and officially launched the "Daily Investment (TWAP)" program yesterday, aimed at reducing the volatility risk of single-point purchases.Game ecosystem reserves: Roblox (NYSE: $RBLX) disclosed in its developer newsletter yesterday that it has converted 2% of its redundant cash on its balance sheet into ETH and AVAX. This move is not purely a financial investment but is intended to support the underlying liquidity for its next-generation creator economy's on-chain settlement.Rating giant enters the arena: S&P Global (NYSE: $SPGI) released the "Corporate Bitcoin Treasury Index (CBTX)" yesterday. This index specifically tracks globally listed companies with more than 1% BTC exposure on their balance sheets, marking the formal inclusion of "crypto treasuries" into mainstream financial measurement standards by traditional rating agencies.Computing power completely restructured: Northern Data (XETRA: $NB2) announced yesterday that it has divested its last portion of traditional cloud storage business, declaring that starting from the second quarter, 100% of the company's energy and computing power will solely serve AI rendering and the absolute accumulation of its internal BTC treasury.

The privacy coin Zcash recently disclosed and fixed a critical security vulnerability that could have been exploited by malicious miners to transfer over 25,000 ZEC (approximately 6.5 million USD) from the deprecated Sprout privacy pool. Security researcher Alex "Scalar" Sol disclosed on March 23 that the vulnerability stemmed from the zcashd node skipping proof verification when processing transactions involving the Sprout pool.The official statement indicated that the vulnerability had existed since July 2020 but had not been actively exploited, and user funds remained safe at all times. The development team has released version 6.12.0 to complete the fix, and mainstream mining pools have completed the upgrade deployment within a few days. Additionally, the unaffected Zebra full node implementation has the capability to trigger a chain fork, providing extra protection in the event of exploitation.It was disclosed that although the Sprout pool closed to new deposits in November 2020, approximately 25,424 ZEC remained untransferred. Even if the vulnerability were exploited, Zcash's "turnstile" mechanism would prevent inflationary issuance, ensuring that the total supply would not be breached. This vulnerability was discovered with the assistance of AI, and the researcher will receive a total bounty of 200 ZEC (approximately 51,000 USD). It is worth noting that this is not the first time Zcash has encountered a significant vulnerability; as early as 2019, it had fixed a serious flaw that could lead to unlimited issuance.

The U.S. stock-listed Bitcoin treasury company Hyperscale Data (NYSE American: GPUS) announced that the company's cash, restricted cash, and Bitcoin holdings total approximately $82.1 million, about 156.87% of the company's current market value. Among them, the market value of Bitcoin holdings is approximately $41.8 million, and cash and restricted cash are about $40.3 million.As of today, the company's wholly-owned subsidiary Sentinum and Ault Capital Group (ACG) collectively hold 633.8609 Bitcoins, with a total market value of approximately $41.8 million based on the closing price of $65,955. Among them, Sentinum holds about 586.6674 Bitcoins, including 146.4333 Bitcoins from mining and 440.2341 Bitcoins purchased on the open market; ACG holds about 47.1935 Bitcoins. Neither subsidiary has increased its Bitcoin holdings in the open market during the week.

According to the official announcement, Gate will launch the 11th phase of the Flash Exchange Lucky Draw event from March 30 at 18:00 to April 6 at 00:00 (UTC+8). During the event, after signing up, users can initiate a flash exchange transaction with a minimum of only $1, enjoy a zero-fee fast experience, and participate in a lottery to unlock XRP and a cash reward of up to $200.New users who complete their first flash exchange transaction of no less than $1 will receive 1 lottery chance; users can earn 1 lottery chance for completing a daily trading volume of $100, and additional lottery chances can be unlocked for trading volumes of $500, $1,000, $5,000, and for every $10,000. Multiple chances can be accumulated in a single day; for each new user invited who completes identity verification and their first flash exchange transaction of no less than $1, the inviter will receive 1 lottery chance, with a maximum of 10 chances per person.In addition, if a user's flash exchange trading volume reaches 80,000 USDT, they can also participate in sharing a cash reward of up to 200 USDT, with a total prize pool of 20,000 USDT distributed based on trading volume rankings.It is reported that Gate Flash Exchange currently supports over 2,200 types of crypto assets, providing zero fees, fast transactions, and intelligent exchange rate matching services, helping users efficiently complete multi-currency one-click exchanges.

Backpack founder Armani Ferrante posted a response to recent community FUD, addressing topics such as OTC trading, Mad Lads equity, witch hunts, and token prices.Armani stated that the team will not sell their tokens through OTC to cash out, and their previous comments about OTC were only to assist buyers in finding tokens. All users holding Mad Lads tokens before the TGE will retain their Backpack VIP status, while new users will not enjoy this status.Additionally, Armani emphasized that the FDV value 24 hours or a week after the TGE is not practically significant, and short-term FDV is not a core metric. The team's interests are deeply tied to the success of the token; if the token price goes to zero, the team will not be able to earn profits.Regarding witch hunts, he acknowledged that the team's previous handling was too mechanical and did not fully consider the complexity of community dimensions. The team is currently re-evaluating relevant cases. The team is continuing to advance the review of witch hunt cases and return to development work.

Metaplanet, a Japanese Bitcoin cryptocurrency vault (DAT) company, announced the launch of the shareholder limited edition credit card "Metaplanet Card," which will be put into use this summer.Shareholder cardholders will automatically receive 1.6% of the amount spent during daily purchases back in the form of equivalent Bitcoin, allowing each card payment to be directly converted into a Bitcoin investment.

According to Onchain Lens, the on-chain address High Stakes Capital sold a total of 602,421 HYPE in the past 24 hours, exchanging it for approximately 22.938 million USDC, with an average transaction price of $38.08. The latest transaction involved selling the remaining 152,421 HYPE, cashing out approximately $5.82 million, achieving a complete liquidation.

According to Bloomberg, the Bank of Montreal (BMO) announced the launch of tokenized cash and deposit services for institutional clients through the network of the largest derivatives exchange in the U.S., CME Group. This service allows clients to bypass traditional banking hours and achieve continuous fund transfers around the clock. Derek Vernon, Head of North American Treasury and Payment Solutions at the Bank of Montreal, stated, "Clients will be able to transfer funds whenever the market demands, rather than being restricted by banking hours."

According to the official announcement, Gate will launch a VIP rewards triple gift event from March 20 at 19:00 to April 3 at 23:59 (UTC+8), providing multiple incentives for trading users, asset holding users, and VIP advanced users. The event includes three main sections: trading cashback program, fund upgrade program, and VIP growth camp.Among them, in the trading cashback program, users with VIP level 5 and above who sign up will receive a level acceleration reward of VIP level +2 (limited to 15 days, up to VIP 10) if their cumulative contract trading volume reaches the specified amount within 30 days. At the same time, users who meet the cumulative contract trading volume requirements during the event period can also receive a 10% trading cashback voucher, capped at 800 USDT. In the fund upgrade program, users with VIP level 5 and above who meet the asset and net deposit conditions can unlock three fund benefits, including a maximum of 8% USDT wealth management interest rate voucher, a maximum of 20 GT airdrop rewards, and a VIP exclusive 30-day fixed-term wealth management gift of gold activity.In addition, the platform will simultaneously launch the VIP growth camp, providing advanced support for potential users. Users who meet the asset or trading conditions can sign up to receive a VIP 5 experience card (15 days); users who successfully upgrade to VIP 5 during the event period can also receive a VIP newcomer gift package and participate in sharing a 500,000 USDT airdrop prize pool.

According to BBX data, yesterday global listed companies made breakthrough progress in the fields of "financial diversification" and "compliance custody," with the core data as follows:$10 million cryptocurrency purchase plan: Acurx Pharmaceuticals (NASDAQ: $ACXP) board officially approved the allocation of $10 million for the purchase of Bitcoin yesterday. As a biopharmaceutical company, ACXP clearly stated that this move aims to leverage the anti-inflation properties of BTC to hedge against the depreciation risk of long-term R&D funding.10% cash asset allocation: Enfusion (NYSE: $ENFN) announced an update to its financial guidelines, planning to allocate 10% of redundant cash on its balance sheet in batches to BTC and ETH. This financial software giant plans to use crypto assets to enhance the overall risk-adjusted return of its treasury.$5 million increase: Nature's Miracle (NASDAQ: $NMHI) confirmed the launch of its first $5 million Bitcoin strategic treasury plan yesterday, marking the formal acceptance of crypto assets as reserve currency by companies in the agricultural technology sector.40% custody growth: Bakkt (NYSE: $BKKT) Q4 forecast data shows that its enterprise-level crypto asset custody scale has increased by 40% year-on-year. This reflects a significant increase in the reliance of non-native crypto companies on compliant third-party custody institutions when entering the market to purchase cryptocurrencies.

Hyperscale Data, Inc. (stock code: GPUS), a company listed on the New York Stock Exchange, announced that its wholly-owned subsidiary Sentinum, Inc. and Ault Capital Group, Inc. (ACG) collectively hold 622.4378 bitcoins, with a market value of approximately $45,300,000 based on the closing price of bitcoin at $72,790 on that day.The company's total cash and bitcoin holdings amount to approximately $85,700,000, accounting for about 161.23% of the company's current market value. The company's Executive Chairman Milton "Todd" Ault III stated that there is a significant divergence between the current market value and the balance sheet value, and the company is evaluating all feasible strategic options to address this imbalance. Hyperscale Data indicated that it plans to gradually use all cash allocated for its digital asset treasury strategy to purchase bitcoin.

According to the official announcement, Gate will launch the ninth phase of the Flash Exchange Lucky Draw event from March 16 at 18:00 to March 23 at 00:00 (UTC+8). During the event, after completing registration, users can initiate a flash exchange transaction with a minimum of just $1, enjoy a zero-fee fast experience, and participate in the lottery to unlock FOGO and lucky bag rewards.The prize pool is updated daily at 08:00 (UTC+8), and the number of rewards is limited, available on a first-come, first-served basis. During the event, new users who complete their first flash exchange transaction of no less than $1 will receive 1 lottery chance; users who complete a flash exchange transaction volume of $100 daily will receive 1 lottery chance, and additional lottery chances can be unlocked when transaction volumes reach $100, $500, $1,000, and $5,000; for each new user invited who completes identity verification and their first flash exchange transaction of no less than $1, the inviter will receive 1 lottery chance, with a maximum of 10 chances per individual.In addition, users whose flash exchange transaction volume reaches 80,000 USDT can also participate in the cash reward activity, with a maximum reward of 200 USDT available, and a total prize pool of 20,000 USDT, distributed based on transaction volume ranking, available on a first-come, first-served basis.It is reported that Gate Flash Exchange currently supports over 2,200 types of cryptocurrency assets, providing zero fees, fast transactions, and intelligent exchange rate matching services, helping users easily complete multi-currency one-click exchanges.

According to BBX data, yesterday global listed companies exhibited "high frequency and standardized" characteristics in expanding their crypto treasuries:Semler Scientific (NASDAQ: $SMLR): Yesterday, it used the ATM financing tool to acquire another 580 BTC, costing approximately $41.2 million. Its total holdings have now surpassed 1,500 BTC.Cosmos Health (NASDAQ: $COSM): The board passed a resolution to issue $20 million in special bonds for the purchase of BTC and ETH, accelerating the digitalization of its treasury through debt leverage.Solidion Technology (NASDAQ: $STI): Officially established financial guidelines to convert 60% of its redundant cash on the balance sheet into Bitcoin in batches, as a core strategy to hedge against the decline in fiat purchasing power.SOS Ltd (NYSE: $SOS): Confirmed that it has executed the first $15 million subscription of its $50 million Bitcoin and Ethereum investment plan, aiming to complete the entire allocation in the second quarter.Bit Digital (NASDAQ: $BTBT): Disclosed that it increased its holdings by 45 BTC yesterday through AI business profits, adhering to the endogenous growth logic of "business profits as reserves."